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2022
Exports $47.2MWorld Rnk 11 / 145
Flag Rnk 502 / 1210
2022
Destination $8.54M United States
2021 - 2022
FASTEST GROWING MARKET $8.54MUnited States
2022
PRODUCT COMPLEXITY IN Electrical Insulators0.63Rnk 303 / 1025
2022
Imports $102MWorld Rnk 4 / 207
Flag Rnk 563 / 1213
2022
Origin $14.5M United States
2021 - 2022
FASTEST GROWING ORIGIN $14.5MUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $47.2M in Electrical Insulators, making it the 11th largest exporter of Electrical Insulators in the world. At the same year, Electrical Insulators was the 502nd most exported product in Canada. The main destination of Electrical Insulators exports from Canada are: United States ($35.3M), Sweden ($1.82M), El Salvador ($1.23M), Ireland ($914k), and Mexico ($745k).

The fastest growing export markets for Electrical Insulators of Canada between 2021 and 2022 were United States ($8.54M), El Salvador ($535k), and Sweden ($500k).

Imports In 2022, Canada imported $102M in Electrical Insulators, becoming the 4th largest importer of Electrical Insulators in the world. At the same year, Electrical Insulators was the 563rd most imported product in Canada. Canada imports Electrical Insulators primarily from: United States ($55.1M), Italy ($16.7M), China ($9.9M), Mexico ($5.3M), and France ($3.48M).

The fastest growing import markets in Electrical Insulators for Canada between 2021 and 2022 were United States ($14.5M), Mexico ($3.66M), and Italy ($2.94M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Electrical Insulators exports accounted up to C$3.64M and imports accounted up to C$11.9M, resulting in a negative trade balance of C$8.27M. Between June 2023 and June 2024 the exports of Canada's   Electrical Insulators have decreased by C$-3.1M (-46%) from C$6.74M to C$3.64M, while imports decreased by C$-3.98M (-25%) from C$15.9M to C$11.9M.

Destinations In June 2024, Electrical Insulators were exported mostly to United States (C$2.86M), Australia (C$229k), Sweden (C$172k), Ireland (C$110k), and Chile (C$73.7k), and were imported mostly from United States (C$6.23M), China (C$1.37M), Italy (C$764k), Portugal (C$706k), and Brazil (C$641k).

Growth In June 2024, the decrease in Electrical Insulators's year-by-year exports was explained primarily by a decrease in exports to Peru (C$-148k or -93.6%), Mexico (C$-74.6k or -100%), and Saudi Arabia (C$-13.9k or -87.8%). In June 2024, the decrease in Electrical Insulators's year-by-year imports was explained primarily by a decrease in imports from Sweden (C$-69.3k or -95.2%), Austria (C$-50.6k or -78.5%), and Colombia (C$-36.3k or -76.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-3.1M(-46%)
IMPORT GROWTH (June 2023 - June 2024)C$-3.98M(-25%)
MAIN EXPORTER (June 2024)OntarioC$7.96M
MAIN DESTINATION (June 2024)United StatesC$2.86M

This section shows Electrical Insulators's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Electrical Insulators over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$47.2M
IMPORTS (2022)$102M
NET TRADE (2022)-$55.1M

In 2022, Canada exported $47.2M in Electrical Insulators. The main destinations of Canada exports on Electrical Insulators were United States ($35.3M), Sweden ($1.82M), El Salvador ($1.23M), Ireland ($914k), and Mexico ($745k).

In 2022, Canada imported $102M in Electrical Insulators, mainly from United States ($55.1M), Italy ($16.7M), China ($9.9M), Mexico ($5.3M), and France ($3.48M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Insulators EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$8.54M (31.9%)
El Salvador$535k (77%)
Sweden$500k (37.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Insulators BY Canada WERE (2021 - 2022):
United Arab Emirates-$1.89M (-93.3%)
Jamaica-$583k (-71.9%)
Brazil-$331k (-70.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Electrical Insulators were:
China $727M
United States $242M
Germany $217M
In 2022, Canada's main importing competitors in Electrical Insulators were:
United States $438M
Germany $163M
Mexico $125M

Explore Visualizations

Trade Value of Electrical Insulators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $9.31M
TOP IMPORT POTENTIALChina+ $4.46M

Electrical Insulators’s highest export potential is United States. With an export gap of $9.31M.   Electrical Insulators’s highest import potential is China with an import gap of $4.46M.

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